If you use decentralized currency, especially LBRY this court proceeding will be of interest to you.
Although it's sophisticated nature makes this whole financial institution hard to grasp, decentralized currency needs to remain decentralized. Even if you hated LBRY, the latter consequences of this court proceeding will effect many other coins in the future, this could be a precedent setting case.
The Securities and Exchange Commission is attempting to make virtually ALL cryptocurrencies in the United States illegal to freely transact and exchange.
We live in a world where:
Big banks crashed the economy in 2008 with almost no punishment
Robinhood sides with the suits against the little guy without retribution
Big tech exploits and abuses us freely
And what does the SEC do? The SEC goes after blockchain and cryptocurrency, which is one of the best hopes the people have to take back control.
The decentralized LBRY network is used by tens of millions of people. The token has clear utility and is not a security. Under the standards established in the SEC vs. LBRY, Inc., nearly all cryptocurrencies would be deemed illegal to freely use.
We call on the SEC to drop this case and establish clear standards for the cryptocurrency industry in the United States.
Full Article: https://helplbrysavecrypto.com/
Sign the Petition: http://chng.it/fzfjWDcZ6P
